TPH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 60 industry peers in the Household Durables industry. TPH is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. TPH has a valuation in line with the averages, but on the other hand it scores bad on growth.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year TPH was profitable.
In the past year TPH had a positive cash flow from operations.
In the past 5 years TPH has always been profitable.
Each year in the past 5 years TPH had a positive operating cash flow.

1.2 Ratios

TPH has a Return On Assets (6.22%) which is comparable to the rest of the industry.
TPH has a Return On Equity of 9.39%. This is comparable to the rest of the industry: TPH outperforms 53.33% of its industry peers.
TPH has a Return On Invested Capital (6.45%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for TPH is in line with the industry average of 9.52%.

		Industry Rank	Sector Rank
ROA	6.22%
ROE	9.39%
ROIC	6.45%

ROA(3y)9.52%

ROA(5y)9.28%

ROE(3y)15.16%

ROE(5y)15.46%

ROIC(3y)10.2%

ROIC(5y)10.07%

1.3 Margins

TPH's Profit Margin of 8.27% is fine compared to the rest of the industry. TPH outperforms 71.67% of its industry peers.
TPH's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 10.40%, TPH is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of TPH has grown nicely.
TPH's Gross Margin of 22.20% is on the low side compared to the rest of the industry. TPH is outperformed by 68.33% of its industry peers.
In the last couple of years the Gross Margin of TPH has grown nicely.

		Industry Rank	Sector Rank
OM	10.4%
PM (TTM)	8.27%
GM	22.2%

OM growth 3Y-5.72%

OM growth 5Y7.18%

PM growth 3Y-4.72%

PM growth 5Y8.69%

GM growth 3Y-2.33%

GM growth 5Y2.47%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

TPH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for TPH has been reduced compared to 1 year ago.
Compared to 5 years ago, TPH has less shares outstanding
TPH has a better debt/assets ratio than last year.

2.2 Solvency

TPH has an Altman-Z score of 3.88. This indicates that TPH is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.88, TPH is doing good in the industry, outperforming 61.67% of the companies in the same industry.
TPH has a debt to FCF ratio of 4.34. This is a neutral value as TPH would need 4.34 years to pay back of all of its debts.
TPH's Debt to FCF ratio of 4.34 is in line compared to the rest of the industry. TPH outperforms 55.00% of its industry peers.
A Debt/Equity ratio of 0.36 indicates that TPH is not too dependend on debt financing.
TPH has a Debt to Equity ratio (0.36) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.36
Debt/FCF	4.34
Altman-Z	3.88

ROIC/WACC0.72

WACC8.97%

2.3 Liquidity

A Current Ratio of 9.02 indicates that TPH has no problem at all paying its short term obligations.
TPH has a Current ratio of 9.02. This is amongst the best in the industry. TPH outperforms 90.00% of its industry peers.
TPH has a Quick Ratio of 1.99. This is a normal value and indicates that TPH is financially healthy and should not expect problems in meeting its short term obligations.
TPH has a better Quick ratio (1.99) than 85.00% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	9.02
Quick Ratio	1.99

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

TPH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.67%.
The Earnings Per Share has been growing by 26.86% on average over the past years. This is a very strong growth
TPH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.60%.
Measured over the past years, TPH shows a small growth in Revenue. The Revenue has been growing by 7.82% on average per year.

EPS 1Y (TTM)-29.67%

EPS 3Y5.7%

EPS 5Y26.86%

EPS Q2Q%-45.76%

Revenue 1Y (TTM)-16.6%

Revenue growth 3Y4.1%

Revenue growth 5Y7.82%

Sales Q2Q%-25.74%

3.2 Future

The Earnings Per Share is expected to decrease by -15.26% on average over the next years. This is quite bad
Based on estimates for the next years, TPH will show a decrease in Revenue. The Revenue will decrease by -8.56% on average per year.

EPS Next Y-41.41%

EPS Next 2Y-30.62%

EPS Next 3Y-15.26%

EPS Next 5YN/A

Revenue Next Year-23.15%

Revenue Next 2Y-16.48%

Revenue Next 3Y-8.56%

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

TPH is valuated reasonably with a Price/Earnings ratio of 9.90.
Based on the Price/Earnings ratio, TPH is valued a bit cheaper than the industry average as 78.33% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TPH to the average of the S&P500 Index (28.32), we can say TPH is valued rather cheaply.
With a Price/Forward Earnings ratio of 14.44, TPH is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TPH is on the same level as its industry peers.
TPH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	9.9
Fwd PE	14.44

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, TPH is valued a bit cheaper than the industry average as 61.67% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TPH is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	10.63
EV/EBITDA	7.74

4.3 Compensation for Growth

TPH has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as TPH's earnings are expected to decrease with -15.26% in the coming years.